Latest Finance News



Australian share market opens lower

The Australian market has fallen by almost 1.5 per cent due to concerns about a bailout of Cyprus and falls on Wall Street. A European Union bailout of Cyprus had scared investors and led to a negati..

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Visa to outlaw hefty card fees

Hefty credit card surcharges could be on the way out after Visa became the first company to ban Australian retailers from slapping on the fees. New rules come into force on Monday, which Visa says ..

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US stocks slip on tepid economic data

US stocks have slipped in opening trade on Friday amid mixed economic indicators showing a petrol-driven pickup in inflation in February and a slowdown in industrial activity in the New York region.Fi..

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Australian shares bounce back

The Australian share market bounced back on Friday as traders decided the economy is doing better than a preceding three-day run of losses would suggest. The market finished strongly to be more tha..

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Leighton group win $334m in NBN work

The National Broadbank Network has awarded another $334 million of work to Leighton Holdings company Visionstream. Visionstream's role will include passive fibre network design and construction to ..

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Aussie cattle numbers up by two million

Australian cattle numbers have grown substantially, partly as a result of the federal government's temporary suspension of live cattle exports to Indonesia in mid-2011, says beef producer Australian A..

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Australian shares open higher

The Australian share market has opened higher, led by financial and retail stocks. At 1015 AEDT on Friday, the benchmark S&P/ASX200 index was up 33.4 points, or 0.66 per cent, at 5,065.6, while..

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Australian shares set to rise

The Australian market is set for a strong start to trade with encouraging jobs figures in the United States helping Wall Street post its longest winning streak in more than 16 years. At 0650 AEDT o..

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Australian share market closes lower

The Australian share market finished more than one per cent lower after better than expected jobs data cut the chance of another interest rate cut. Analysts say interest rates will stay on hold for..

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Pay TV joins attack on media reforms

Media companies are subject to enough regulation and piling any more on them will restrict their growth, the head of Australia's pay TV industry says. The chairman of Subscription Television Austra..

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Sigma says PBS growth outlook is flat

Sigma Pharmaceuticals is looking at new ways of enticing customers into its pharmacies in an attempt to drive revenues.The drugs distributor and pharmacy services provider says it can't rely on growth..

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Aurizon wins major Xstrata deal

Freight rail operator Aurizon has won a coal haulage contract in Queensland with mining giant Xstrata. Aurizon has won the right to haul coal from Xstrata's expanded Rolleston mine, where productio..

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Australian shares edge higher

The Australian share market has opened higher, with gains by bank, retail and health stocks offsetting further losses by the miners. At 1015 AEDT on Thursday, the benchmark S&P/ASX200 index was..

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Dow extends record-setting streak

The Dow Jones Industrial Average set a new record closing for the seventh straight day Wednesday as US stocks registered small gains. The Dow added 5.22 points (0.04 per cent) at 14,455.28, also it..

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Australian market set for flat start

The Australian market is set for a flat start despite an unexpectedly strong increase in US consumer spending in February. Wall Street rose slightly, its ninth straight session of gains. At 0702..

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Australian share market closes lower

The Australian share market closed lower on Wednesday, dragged down by the four big banks. Falls among financial stocks came despite some gains in the materials sector, with the big miners finishin..

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